If operators were strongman contestants, Deutsche Telekom would increasingly resemble one of those humanoid mountains from Central Europe, who look like they wrestle bears and bench-press combine harvesters before breakfast.
Shrugging off the coronavirus pandemic this morning, the Teutonic giant managed another quarter of sales growth across all its major business activities bar the T-Systems IT unit. Earnings and adjusted profits were up, and the virus is not expected to weaken the German operator later this year. “Deutsche Telekom is an anchor of stability in a global crisis,” said CEO Timotheus Höttges, preferring a nautical analogy. “Our networks are working reliably as digital lifelines for society.”